The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
28 Feb 2014
CSAV has agreed to plead guilty and pay a criminal fine of $8.9 million for its involvement in a conspiracy to fix prices, allocate customers and rig bids of international shipping services...
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
14 Feb 2014
Chilean carrier CSAV said it plans to add up to $600 million in capital to complete the financing of ships under construction and to help finance a proposed merger with German shipping line Hapag-Lloyd.
06 Feb 2014
Shippers should expect declining container ship reliability over the near term.
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
23 Jan 2014
The merger of Hapag-Lloyd and CSAV would be “a step in the right direction” for the container shipping industry, but the pending marriage of the sixth and 20th largest container lines, respectively, won’t dampen the competitive nature of the market in the long-term, according to Jefferies shipping analyst Johnson Leung.
22 Jan 2014
Hapag-Lloyd and CSAV have signed a memorandum of understanding regarding a possible merger of their container shipping liner services, taking merger talks “into the next phase.”
13 Jan 2014
Hapag-Lloyd is closing in on a deal to take over CSAV, which would create the world’s fourth largest ocean carrier, according to a German language newspaper.
27 Dec 2013
Hapag-Lloyd’s chairman is urging the German carrier’s domestic rival Hamburg Süd to join its merger talks with CSAV, the Chilean container line.
23 Dec 2013
Hapag-Lloyd and CSAV have much to gain by joining forces, but the German and Chilean ocean carriers will face difficulties striking a financial deal, according to Drewry Maritime Research.